Tax Coalition Urges Tax-Writing Chairmen to Support Comprehensive Reform Legislation

WASHINGTON, D.C., January 15, 2015 – The below letter was sent today to Chairman Orrin Hatch of the Senate Finance Committee and Chairman Paul Ryan of the House Ways and Means Committee by the Coalition for Fair Effective Tax Rates. The letter urges the Congress’ top tax writers to draft and pass comprehensive revenue-neutral tax reform this year.

 

January 15, 2015

Dear Sen. Hatch and Rep. Ryan:

Congratulations to you both on your appointments to head Congress’ tax-writing committees. We at the Coalition for Fair Effective Tax Rates pledge to work with you whenever we can. In particular, we urge you to place comprehensive, revenue-neutral tax reform among your top priorities in 2015. America needs to reform its convoluted tax code in order to grow its economy and create more jobs.

The federal Tax Code is broken. Fixing it will require a comprehensive approach. The tax system needs to be simplified and the tax base should be broadened. In addition and in particular, tax rates should be lowered for corporations and for businesses that pay taxes via the individual rate system.

The current Code is not only complicated, it’s also unfair. Large disparities exist between industries in the amount of taxes businesses pay – i.e. their effective tax rates. That’s why our Coalition strongly believes that tax reform should be viewed through the lens of effective tax rates. Successful reform should be measured by our ability to reduce these discrepancies and create a more level playing field for all businesses of all sizes across all sectors.

The Coalition for Fair Effective Tax Rates is a diverse group of national, regional and state associations representing more than 1,500,000 businesses, both large and small, which supports tax reform. We believe that reform should be viewed through the lens of effective tax rates, the amount businesses actually pay in taxes.

We look forward to working with you and President Obama to approve comprehensive, revenue-neutral tax reform this year.

Sincerely,

Management Committee of the Coalition for Fair Effective Tax Rates:

Associated Builders and Contractors

Associated General Contractors of America

International Foodservice Distributors Association

International Franchise Association

National Association of Wholesaler-Distributors

National Federation of Independent Business (co-chair)

Retail Industry Leaders Association (co-chair)

S Corporation Association

Small Business and Entrepreneurship Council